Anti-Nuclear Campaign Wins Nobel Peace Prize. The group, International Campaign To Abolish Nuclear Weapons (Ican), seeks “to draw attention to the catastrophic humanitarian consequences of any use of nuclear weapons and for its ground-breaking efforts to achieve a treaty-based prohibition of such weapons”.

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I heard this sentence on some financial channel yesterday. “Stocks continue to climb as investors anticipate tax reform…”

WTF!?!? This is utter bullshit on so many levels.

There is fake news out there and what isn’t coming from Russia is coming from Bloomberg, Fox Business Channel, and CNBC. These networks are not reporting “business” news. They are giving day traders their daily fix, and pretending it is related to the wider economy.

Not sure of that cause-and-effect. This run-up is a continuation of what had happened over the past several years. Irrational exuberance is almost always a predictor of a precipitous decline. When everyone goes all-in, it’s time to get out. Last ones in are always the suckers.

Cutting the corporate tax rate is probably good for business, but the individuals who run those businesses use any cuts in corporate taxes to buy back stock or distribute windfall profits to already-rich executives and investors. This destructive short-term behavior is only accelerated by cuts to the individual tax rates for the rich.

The solution is to cut corporate tax rates, while steeply raising tax rates for upper income individuals (the investor class). Business would benefit, but would have incentive to re-invest in the long-term business and employees instead of licking the sugar off the top for themselves.

I’d be in favor of a corporate tax reform that, for every dollar cut from the corporate tax rate, raises individual taxes on the upper brackets by an equal amount of dollars.

Almost 10,000 people shot in Chicago during 2015, 2016, and thus far in 2017. But, most of you don’t know this, I wonder why. Could it be that the liberal media does not report this because for decades Chicago has been controlled by Democrats, and has very strict gun laws, and if the media reported this it would hurt the Dems gun control nonsense?